Ok, so i've never down accouting in my life

S

Slash

New member
Joined
Jun 18, 2026
Messages
0
Reaction score
0
not even in high school.

what's an asset? LOL

advice? are there any really interesting accounting books (i realize that this may be an oxymoron) out there? something that can override my ADD.
 
Slash, the first time I did accounting was in my early 30s - long after I had finished a graduate degree in sciences and had worked for some time. It is challenging more for its boring nature rather than intellectual difficulty (at least the level encountered at an intro level). Depending on your location, your local university might offer some introductory courses and ease your way into the subject. I still have to find an interesting accounting book - I think that is an oxymoron.

BTW, CFAI books are fine too, IMO.
 
Try taking a CFA L1 prep class. Working out accounting problems with someone who has accounting background helped me the most.
 
All you have to remember:

Assets - Liabilities = Capital
 
There are no interesting accounting books. An intro to accounting is not challenging in the least, but time and time again I meet people that have changed majors because they failed an intro to accounting -- mainly because of double entries.

"What is an asset?"

-- I'll assume you're kidding. This is covered in the CFA material. Well, I bought the textbooks. I don't know if its covered in the CFAI curriculum.
 
Slash Wrote:
-------------------------------------------------------
> is schweser book 3 sufficient?


It may be. But if you have never done accounting before, you are risking it. Also, if you do get the charter and become an analyst, how are you going to analyze finanacial statements and deal with other much more difficult accounting issues. Also, LII FSA is even more complex.
 
Same was the problem with me. I'm basically an engineer and when I started with reading balance sheet and income statement I hardly could make out anything from it. So I preferred going to www.investopedia.com and going to the basics of all the statements. To be frank I read lots of material from websites and also gone through the actual income statements and Balance sheet of the companies.

Though I'm not very sound in FSA as of yet, but atleast I can enjoy reading and understand what I read. I think that is a great improvement for me. To start FSA from schwesers without having initial background of FSA is subtle so I would suggest you to go through basics and then focus on schweser.
 
You must log in or register to reply here.
Back
Top